March 21, 2019 / 10:58 AM / a month ago

Volkswagen, Northvolt to join forces for battery research

FILE PHOTO: A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse

FRANKFURT (Reuters) - Volkswagen and Swedish battery maker Northvolt and other companies as well as science labs are joining forces in battery cell research, the German carmaker said in a statement on Thursday.

Starting in early 2020, the so-called European Battery Union (EBU) aims to accumulate know-how on battery cell production, including research on raw materials, cell technology but also the recycling of used batteries.

“All the partners will step up their investments as a result of the planned additional research activities,” Volkswagen said, adding that they could seek funds from the German economy ministry.

Germany has earmarked 1 billion euros ($1.14 billion) to support a consortium looking to produce electric car cells and plans to fund a research facility to develop next-generation solid-state batteries.

More than 30 companies have applied for the program to support the production of battery cells, the Economy Ministry said earlier this month.

Reporting by Arno Schuetze; editing by Emelia Sithole-Matarise

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below